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lead bank

   Also found in: Financial 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.lead bank - a bank named by a lending syndicate of several banks to protect their interests
banking company, banking concern, depository financial institution, bank - a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home"


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Under these new guidelines, I have found a few lead banks that are willing and able to undertake these transactions and team up with other similar lenders.
Once this is completed, the lead bank would then act as the account custodian and, through the CDARS program it would spread the deposit to over 11 FDIC-insured institutions, making sure that each has less than $100,000.
The lead bank also establishes the bracket amounts, indicating, for instance, that it seeks interests in amounts of $10, $25, or $50 million.
 
 
 
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